The ten most ridiculous things “on the blockchain”

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Oranges, babies, democracy, frozen people. We take a whirlwind tour of all things on the blockchain that probably shouldn’t be.

When you put a thing “on the blockchain,” you’re not actually putting it “on the blockchain.” Nothing is “on the blockchain.” The “blockchain” doesn’t exist. Instead, what you’re really doing is “notarizing information about a thing using a database distributed across a network of nodes, which is sometimes called a blockchain.” Or perhaps you’re “fragmenting data about a thing into non-fungible digital assets that can be traded, via a distributed network called a blockchain, for ERC20 tokens.” But those are far less catchy, so everybody just says “on the blockchain” instead.

So here we go—”The Ten Most Ridiculous Things On the Blockchain.”

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What Honeywell’s Ecommerce platform means for blockchain in aviation

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Honeywell recently announced the launch of its online buying and selling platform for new and used aircraft parts. Not only are online transactions in this space extremely rare, but Honeywell is also doing something even more uncommon: using blockchain technology. According to Lisa Butters, who leads the Honeywell Aerospace venture, “Currently, less than 2.5 percent of all transactions in this space are done online.” She continues: “We are the first marketplace to enable customized seller storefronts, and we are the first to leverage blockchain technology to build trust between the buyer and seller.”

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DaVinci Speakers Series : Bitcoin and Blockchain

By now the mainstream media has been flushed with headlines about bitcoin and it’s underlying technology, the blockchain, but how will they actually change society? Is this all about creating a new form of money or will industries from all areas be impacted and disrupted? As a matter of fact voting, energy management, ride sharing, insurance, education, and virtually every single industry is about to undergo a paradigm shift. Come discover the present and future world where decentralized currencies and systems dominate.

SPEAKER BIO:

Cameron Schorg, also known as “The Bitcoin Guy” to many, was recently named 1 of 15 “People to Watch in 2018” by the Des Moines Register. The last 6 years of his life have been devoted to evangelizing and harnessing the disruptive nature of Bitcoin and its underlying technology, the Blockchain. As a pioneer, he launched an exchange startup at the age of 16, organized grassroots movements at more than 75 Universities worldwide, and works with some of the world’s most prominent cryptocurrency companies. Schorg is regularly featured as a subject expert at FinTech industry events, educational seminars, media coverages, and frequently consults companies and individuals. His relentless devotion stems from the will to free us all from economic slavery, truly democratize the worlds markets, and push humanity into an age of abundance. This starts with Bitcoin.

 

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At least 15 central banks are serious about getting into digital currency

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Digital cash may soon start replacing the physical kind.

The market for digital currency is down, but it’s certainly not out. Even if private cryptocurrencies are falling in popularity, it appears likely we are headed toward an era of national digital currencies that are backed by central banks.

Central banks are the institutions that set monetary policy for a nation, manage inflation, and act as the “lender of last resort”—such as the Bank of England in the UK and the Federal Reserve in the US. In fact, no fewer than 15 such central banks around the world are taking the idea seriously, and many others are at least exploring it, according to a recent report from the International Monetary Fund (IMF).

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Chinese internet court uses blockchain to protect online writers intellectual property

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An Internet Court in Hangzhou, Eastern China, has turned to blockchain to fight piracy at the expense of online writers, English-language media outlet China.org.cn reports Dec. 8.

China has reportedly “set up three Internet courts in Hangzhou, Beijing and Guangzhou.” Internet Courts are courts expressly intended to manage internet-related cases and allow plaintiffs to file their complaints online.

The official website of Hangzhou Internet Court reads that it “behave[s] as an ‘incubator’ for Internet space governance, a ‘test field’ for Internet judicial rules, a ‘leader’ for diversified Internet disputes, and a ‘first mover’ for the transformation of Internet trials.”

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4 Blockchain projects solving real-world problems

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From wealth management to autonomous robots: four prominent startups at the end of 2018

Investors are no longer interested in ICO projects with no real use. According to Icodata, $150 million were raised in October 2018 through token sales compared to $1.5 billion in January of the same year. “The blockchain space is getting to the point where there’s a ceiling in sight,” claims Ethereum co-founder Vitalik Buterin. The Russian-Canadian programmer believes that the next step will be “real applications of real economic activity.”

Despite the statements and hopes that the end of 2018 will bring about a return to practicality, it is still difficult for applicable projects to break through the information noise. We have picked out four noteworthy blockchain projects that have not yet gained traction in the media, despite featuring a range of out-of-the-box solutions.

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Salaries for blockchain engineers are skyrocketing, now on par with AI experts

Blockchain engineers are making between $150,000 and $175,000 in annual salaries on average.

Blockchain engineers are the top paid roles in software development, on par with specialists focused on artificial intelligence.

Demand for blockchain engineers has increased by 400 percent since late 2017 on Hired, a firm that helps clients recruit tech candidates.

The value of cryptocurrencies might be down in the dumps, but demand for blockchain engineers has never been higher.

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Five things that must happen for blockchain to see widespread adoption, according to Deloitte

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Blockchain is touted as a technology that will revolutionize the finance sector.

Slow transaction speeds and a lack of standardization threaten to restrict growth.

Deloitte has highlighted five hurdles that the technology must overcome to hasten widespread adoption.

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Will cryptocurrency replace national currency in the future?

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Wrapping one’s head around the craze that is, cryptocurrency can often be downright confusing.

However, despite the influx of uncertainty, the digital commerce could become the global finance standard in the near future.

For starters, cryptocurrency is any form of currency that only exists digitally or virtually, and “usually has no central issuing or regulating authority,” according to Merriam-Webster’s Dictionary. Based on blockchain technology, the digital currency market determines the value due to supply (amount in circulation) and demand (volume of buyers and sellers).

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Blockchain trends for 2018

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While the mainstream viability of cryptocurrency remains in question, one of the technologies that has emerged in its wake is primed to do big things.

Blockchain continues to grow in popularity as people across multiple industries find new applications for it. Recently, Deloitte released a report entitled, ‘2018 Global Blockchain Survey’. In it, they explore several relevant, blockchain trends that are worth paying attention to in 2018 and onward.

If you are interested in exploring what blockchain can do for your business or whether your startup idea can benefit from this versatile and secure technology, the prospects are rather promising.

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The rise of an “Assassination Marketplace” shows the dark side of decentralized networks

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Right now, there’s an online bidding war over whether or not Donald Trump will die before the year is out. All a would-be assassin has to do is stake a whole bunch of money on “yes” and they’d make a fortune.

These not-quite death threats reportedly lodged against the president and other public figures, including Jeff Bezos, John McCain, and Betty White, can be found on Augur, a decentralized app recently launched by the nonprofit Forecast Foundation. Augur is a protocol through which people can create prediction markets, which are crowdsourced platforms where people stake cryptocurrency (in this case Ethereum and the Augur-specific token Reputation) on a prediction’s most likely outcome.

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Some Americans will get to vote via blockchain this November

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VOTING GOES MOBILE. The 2016 U.S. election was not exactly the most secure affair. Even though tech companies and lawmakers are still sorting out what happened, that’s not stopping West Virginia from thinking big and bold in 2018.

According to a CNN report published Monday, the state plans to let soldiers who are permanent residents of the state but are serving overseas vote via their smartphones using a blockchain voting app called Voatz. It will mark the first time U.S. citizens can vote via mobile app.

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